Ruby Tuesday profit rises 22%

WilliamSpain

CHICAGO (MarketWatch) -- Ruby Tuesday earned $31.7 million, or 53 cents a share, in its fiscal fourth quarter, up 22% from the $26 million, or 40 cents of a year ago. Total revenue was $364.3 million, a 23% gain, while same-store sales at company-owned restaurants rose 2.9%. The average estimate of analysts polled by Thomson First Call had been for Ruby Tuesday
RI, -2.61%
to earn 51 cents a share on revenue of $361 million. Separately, the company announced today that Kevin Clayton, CEO of Berkshire Hathaway's Clayton Homes, has been elected to its board of directors as it expands the number of directors from seven to eight.

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